Insider ActivityInsider buying by co-founder Dustin Moskovitz, who purchased over $50 million in shares, likely contributed to the stock's strong performance.
ProfitabilityProfitability progress was also impressive and ahead of Street expectations, supporting the accelerating margin expansion bull case.
Strategic DealsThe signing of a $100mn+ TCV three-year renewal deal, the largest subscription agreement in the company’s history, speaks to the strategic value of Asana.